Index funds do much of the work investing for you, but they also have an edge that makes them so successful. The S&P 500 is made up of 500 of the most valuable and successful U.S. companies. It’s a selective group to begin with, and many of the stocks in the index have a competitive advantage. What’s even better about the index is that it rebalances multiple times a year, taking out underperformers and adding rising stars.
If you’re looking for an easy way to grow your wealth and beat the pros, buying an S&P 500 index fund is as easy as it gets.
This post originally appeared at The Motley Fool.